State Dept Clears Lithuania’s $55M Raytheon-Lockheed Javelin Missiles Purchase Request


MissileLaunchStockThe State Department has approved the sale of Javelin missiles worth $55 million to Lithuania under a foreign military sales agreement with the U.S. government.

Lithuania ordered 220 Javelin missiles, 10 Javelin fly-to-buy missiles and 74 Javelin command launch units from the U.S. government, the Defense Security Cooperation Agency said Friday.

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The Lithuanian government intends for the missile to bolster its military in an effort to protect the country’s border and coordinate security with other Baltic nations.

The Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) Javelin joint venture will serve as the prime contractor for the project.

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